House Passes Bill to Create More Affordable Housing In Priority for Trump

However, the snag is that the House version of the bill made changes that may not pass in the Senate.

Last week, the House released new legislative text that would reduce the Senate bill’s prohibition on institutional investors’ ownership of single-family residences, although President Donald Trump had endorsed that language.

If the House approves the changes on the floor, the Senate must approve the measure before it goes to Trump’s desk.

Senate Republicans expressed concern that it could ultimately impede the passage of the largest housing measure in decades, which Senators were eager to highlight as a significant achievement during the fall election campaign.

Senate Banking Committee member John Kennedy, R-La., said that there is “an enormous amount of frustration” among his Senate colleagues and